Nupur Gupta

• Possesses 11+ years of extensive experience in the field of Finance and Internal Audit
• In depth ability in professional auditing, financial analysis and business developments
• Specialized focus on evaluating procurement/service/sales /pricing/investment proposals, key processes, identifying risks & process gaps and providing support to mitigate them
• Major Assignments Handled during employment: Business Development Division of Indian Oil majorly dealing in business of Petrochemicals products, Natural Gas, Alternate Energy and Exploration and Production (E&P) having an annual turnover of around Rs.25,000 Cr
• Presently handling Petrochemical Projects ,Contracts & Insurance & as Finance Manager (June 2023 till date) Analyzing the project models and identifying various aspects to be considered in calculation of project IRR and NPV like tax /fiscal benefits /capital expenditure/tax credit
• Responsible for providing the comments on pre-feasibility /detailed feasibility report of the project from financial point of view
• Comparative analysis of various offers from the bidder in the tender in compliance to internal & external policies/guidelines/circulars
• Was specialized into the thorough checking of global tenders –comparative analysis, scrutiny of documents submitted & compliance of all tender requirements
• Effectively carried out negotiation with parties in all type of Tenders i.e
• Limited, Public and single after detailed scrutiny of workability to gain advantage of negotiation to reduce the cost
• Scrutiny of proposals for finance concurrence, skillful negotiations with vendors and co-ordination with external/internal agencies
• Ensuring correct assets /stock is insured on timely basis without any lapses at the current market value
• Ensuring addition/deletion in stock points or increase/decrease in warehouse capacity or timeley processing of refund claims with correct amount.
• Strengthened internal controls through regular audits and adherence to regulatory requirements.
• Trained new and existing staff members in various financial procedures to prepare for job requirements.
• Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
• Negotiated favorable terms with vendors, resulting in significant cost savings for the company.
• Enhanced budget management by implementing expense tracking and cost reduction strategies.
• Processed invoices and contacted appropriate parties for timely payment receipt.
• Optimized cash flow with diligent monitoring of accounts receivable and payable.
• Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
• Developed comprehensive financial reports for executive decision-making support.
• Passionate about learning and committed to continual improvement.
• Self-motivated, with a strong sense of personal responsibility.
• Excellent communication skills, both verbal and written.
• Proven ability to learn quickly and adapt to new situations.
• Skilled at working independently and collaboratively in a team environment.
• Worked well in a team setting, providing support and guidance.
• Managed time efficiently in order to complete all tasks within deadlines.
• Assisted with day-to-day operations, working efficiently and productively with all team members.
• Worked effectively in fast-paced environments.
• Worked flexible hours across night, weekend, and holiday shifts.
• Demonstrated respect, friendliness and willingness to help wherever needed.
• Strengthened communication skills through regular interactions with others.
• Paid attention to detail while completing assignments.
• Adaptable and proficient in learning new concepts quickly and efficiently.
• Organized and detail-oriented with a strong work ethic.
• Learned and adapted quickly to new technology and software applications.
• Identified issues, analyzed information and provided solutions to problems.
• Used critical thinking to break down problems, evaluate solutions and make decisions.
• Resolved problems, improved operations and provided exceptional service.
• Proved successful working within tight deadlines and a fast-paced environment.

• Exports of Petrochemicals business of IOCL and Banking as a Finance Manager
• Accounting of exports sale transactions and duty drawback benefits and reporting thereof
• Ensuring various compliance related to polymer/MEG exports to South Asian Countries, Indian Oil Mauritius and Sri Lanka IOC
• Part of committee for deciding benchmark prices for exports based on various published market data and ensuring profitability after recovery of all cost elements
• Analyzing realization of payment through Letter of credit (LC) issued and cases of delay
• Negotiation and coordination with bank for ensuring seamless flow of transaction at best possible terms and rates regarding issuance of LC/BG, their confirmations etc
• Tendering & coordinating with banks for rate/terms & conditions /issuance of various financial instruments
• Updating & ensuring correct credit limits of various DCA/DOPWs are maintained in SAP based on their credit risk exposure approvals & available Bank Guarantee (BG) and initiated its automation with COIS.

• Gas Business of IOCL as a Finance Manger
• Each & every activity starting from:-evaluating pricing proposals for supply of various fertilizers and gas customers, formulating the price based on various cost components depending on source of supply and then updating the price in SAP for each customer
• Also maintaining the credit exposure of customers based on their available Bank Guarantee (BG)
• Correct Pricing & timely Billing including verification to Dahej & Ennore based RLNG Customers ensuring recovery of all cost elements
• Preparing & analyzing customer outstanding report
• Calculating/preparing & processing debit/credit notes of customers & vendors
• Preparing MIS of import of gas cargos on spot or long term basis at various terminal
• Verifying , calculating & processing custom duty payment of gas cargos .Also co-ordinating with customs for pending duty refund claims
• Updation & preparation of Stock transfer price MIS is also being updated timely and on regular basis
• Raising invoice to IOLPL for owners supply deficiency Checking, confirming & maintaining the Bank guarantees/LC submitted by various customers against supplies
• Checking & maintaining various MIS for checking the price/rate , quantity and amount of invoice raised by the gas supplier/regasifier in line with agreement like PLL, GAIL,IOLPL Went on special assignment of auditing the books and cost records of foreign vendor of Gas supply in Singapore in the month of July 2022
• Preparing detailed gas profitability analysis for closing of accounts
• Executing seamless closing relating activities and providing all notes to accounts on timely basis
• Preparing cash budget of gas income/expenses
• Evaluating various other proposals relating to procurement /Indian Gas exchange (IGX)/empanelment etc.

• Internal Audit of Business development division of IOCL
• Auditing of various domestic & foreign exploration & production
• Auditing the various Joint ventures /subsidiaries of Business development division
• Auditing of various projects of alternate energy like wind mills, 2G ethanol project, Waste to energy and Compressed Bio Gas (CBG)
• Auditing various finance related activities like closing of accounts/proposals/payments/banking
• Auditing of gas related activities like Gas management / sourcing/infrastructure/marketing
• Auditing of petrochemical project, petrochemicals pricing/location audit with surprise visits.

• Corporate Internal Audit of IOCL
• Part of team for Internal Financial Control Audit across all divisions- Checking internal controls and their effectiveness
• Auditing the application and implementation of IND-AS for the financial year 2016
• Recommended various Cost Savings areas and ideas which were implemented by the Management
• Highlighted non recovery and non booking of contractual obligation/interest due from customers of Rs
• 3000 Cr
• Generating ideas to maximize assignment profitability
• Identifying areas of potential efficiency improvements
• An excellent understanding of auditing techniques and internal auditing standards issued by IIA and ICAI
• Responsible for executing areas of governance, risk & compliance (GRC), process reviews, standard operating procedures (SOP), enterprise risk management, revenue assurance
• Fraud investigation and Due diligence
• Auditing Quarterly accounts and ensuring compliance with statutory requirements and accuracy of financial reporting as per Schedule VI of Companies Act, 2013
• Participate in all aspects of audit activities including risk assessments, audit planning, audit testing, control Evaluation, report drafting, and follow up and verification of issue closure, in close partnership with and support of other senior auditors
• Special Audits Audit of Statutory taxes & Duties-.Excise Payments, Excise duty reconciliation, Review of Regulatory Compliances like Service Tax, Income Tax, Sales tax, Excise & Custom duty, Contractual compliances, PF & ESI Acts, sales tax rate on stock transfers, interstate sales etc
• Study on under recoveries on pricing of various products
• Exports-realization as per FEMA, export benefits
• Analysis of Accounts payable and receivable-ageing, interest and other contractual obligations
• Risk Management audit with respect to Hedging transactions
• Reviewing areas such as Revenues & Expenses, Inventory Management, Production, Warehouse Management System, and related party transactions, Borrowings, Investments & others
• Review & Controls for areas like Finance, Human Resource, Stock Verification, Procurement, AMCs and IT
• Physical verification of Stores, Stock & Variance Analysis
• In depth study of various after sale discounts to customers resulting in revenue reversal
• Foreign exchange fluctuation, Asset accounting in SAP, Stock valuation , Capital work in progress, Bank reconciliation
• Plant and locations audit- Compliance with policies, plans, standards, laws, and regulations that could have significant impact upon operations.

Percentage: 59.25%